Asia-Pacific Insurance Market Outlook to 2016 – Growth Opportunity in India & China

EXECUTIVE SUMMARY

The report titled “Asia-Pacific Insurance Market Outlook to 2016 – Growth Opportunity in India and China” provides a comprehensive analysis of market size of the insurance industry on the basis of countries such as Japan, China, South Korea, Taiwan, India and Australia, market segmentation of life and non life insurance industry. The report also entails the value chain of Asia-Pacific insurance market. The report also provides competitive landscape and profile of major players operating in the insurance industry.

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Life insurance industry’s profit doubles to Rs 5,974 cr

Even as premium income fell, the life insurance industry’s net profit more than doubled during 2011-12, at Rs 5,974 crore, against Rs 2,657 crore the previous year. Of the 24 life insurers in business during the last financial year, 14 reported profits, according to the Insurance Regulatory and Development Authority’s annual report for 2011-12.

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Life Insurance Company’s record of paying claims better than pvt insurers: IRDA

Life Insurance Company has better record of paying death claims than that of private life insurers, said regulator IRDA in its latest report.

“The claim settlement ratio of LIC appeared to be better than that of the private life insurers”, said Insurance Regulatory and Development Authority (IRDA) in its annual report 2011-12.

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Life Insurance Marketing in Rural Segment

With a network of 2048 fully computerized branch offices LIC is taking continuous effort to spread the awareness of life insurance into the rural masses especially  in the backward and remote areas and this endeavour has resulted in a steady all round growth in the life insurance industry.

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